LitecoinAtualizado LTC - Falling Wedge - Continue
Discounted LTC on horizon. If price will stay in wedge and reach bottom line once again we all can benefit from that price drop and buy LTC for as 104$ per one. All we need is BTC to drop to 6 or 5K and we all will be happy.
However if we experience partial rise and price recover and break top trend line at 155 level - well that is probably not gonna happen so no point wasting space.
Here are stats for falling wedge:
**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! IT'S IMPORTANT.
DON'T BE TIGHT - GIVE A LIKE
This information is not a recommendation to buy or sell.
However if we experience partial rise and price recover and break top trend line at 155 level - well that is probably not gonna happen so no point wasting space.
Here are stats for falling wedge:
**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! IT'S IMPORTANT.
DON'T BE TIGHT - GIVE A LIKE
This information is not a recommendation to buy or sell.
Nota
1 day later - still fighting supportNota
105$ is coming. Cup and Handle formation confirmed with average drop 24% exactly at support of 105. If You didn't liked this idea please support me and like it now. It means more than money to me.Nota
Bearish flag
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.